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On January 1 , 2 0 1 7 , Anodel, Inc. acquired a machine for $ 1 , 0 8 0 , 0 0 0

On January1,2017, Anodel, Inc. acquired a machine for $1,080,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $56,000. Calculate the depreciation expense per year using the straight-line method.
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Part 1
A.
$270,000
B.
$204,800
C.
$216,000
D.
$260,800

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